The David McWilliams Podcast Blazers Vs. High Viz Jackets
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Jul 2, 2024 Analyzing the Aer Lingus strike in the context of global economic cycles, questioning a potential shift in favor of workers. Exploring wealth distribution, economic theories, and historical events impacting inequality. Teasing upcoming episodes with Nobel Prize winner in economics.
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Aer Lingus Strike
- The Aer Lingus pilots' strike reflects a broader economic trend.
- It highlights the tension between worker wages and shareholder profits.
Strikes and Economic Change
- Strikes are never isolated incidents but reflect underlying economic changes.
- The Aer Lingus strike exemplifies this, indicating a potential shift in industrial relations.
Economic Super Cycles
- The returns to labor and capital shift over time in large, generational cycles.
- The period from 1945 to 1985 favored workers, while 1990 to 2020 favored shareholders.